Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Total
BICBX Fund  USD 10.22  0.01  0.1%   
The current 90-days correlation between Sterling Capital Total and Blackrock Conservative Prprdptfinstttnl is 0.46 (i.e., Very weak diversification). The correlation of Sterling Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sterling Capital Correlation With Market

Significant diversification

The correlation between Sterling Capital Total and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Total and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sterling Capital Total. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Sterling Mutual Fund

  0.76MKCMX Blackrock CaliforniaPairCorr
  0.82MKCPX Blackrock BalancedPairCorr
  0.67MKEAX MkeaxPairCorr
  0.85MKECX Blackrock FundsPairCorr
  0.85MKDCX Blackrock EmergingPairCorr
  0.85MKGCX Blackrock AdvantagePairCorr
  0.62MKFOX Blackrock Large CapPairCorr
  0.73MKILX Blackrock InternationalPairCorr
  0.74BRAPX Blackrock AggressivePairCorr
  0.79BRAMX Bats Series MPairCorr
  0.94MKMTX Blackrock StrategicPairCorr
  0.8BRACX Bats Series CPairCorr
  0.94MKNKX Blackrock New YorkPairCorr
  0.77MKNJX Blackrock New JerseyPairCorr
  0.86MKLOX Blackrock Global AllPairCorr
  0.75BRASX Bats Series SPairCorr
  0.79BRCPX Blackrock ConservativePairCorr
  0.94MKPYX Blackrock PennsylvaniaPairCorr
  0.73BRGNX Blckrck Fdsiii RssllPairCorr
  0.76BRGPX Blackrock Gwth PreparedPairCorr
  0.81BRGKX Blckrck Fds IiiPairCorr
  0.85BRGAX Blckrck Fdsiii RssllPairCorr
  0.75BRIAX Blackrock RetirementPairCorr
  0.84BRHYX Blackrock Hi YldPairCorr
  0.78MKSPX Blackrock Advantage TotalPairCorr
  0.75BRICX Blackrock RetirementPairCorr
  0.91MKWIX Blackrock StrategicPairCorr
  0.78BRMPX Blackrock ModeratePairCorr
  0.79BROKX Blackrock AdvantagePairCorr
  0.67BROIX Blackrock Glbl OpprtntsPairCorr
  0.62BROCX Backrock Glbl OpprtntsPairCorr
  0.79BROAX Blackrock Global OppPairCorr
  0.69BABDX Blackrock Gbl DividendPairCorr

Moving against Sterling Mutual Fund

  0.71BRBCX Blackrock TacticalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Sterling Mutual Fund performing well and Sterling Capital Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sterling Capital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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